Hindsight Market

The Graveyard › 1992

Arkla Exploration Co

ARK · Oil & Gas · NYSE · in our data December 7, 1989 to January 28, 1992 (2.1 years)

The first trading day in our data for Arkla Exploration Co is December 7, 1989 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on December 22, 1989, the market valued it at $746 million. By the end it had fallen hard: the last trade was $10.50, -53.5% from its split-adjusted high. Our data does not say why it stopped trading.

1989-121992-01
Peak market value$746 millionDecember 22, 1989
Highest split-adjusted share price$22.60December 22, 1989
Last share price$10.50January 28, 1992
From its split-adjusted high to the end-53.5%
Return over the days in our data-50.6%with dividends, before the last trade
Worst single day-12.7%December 12, 1990

Share prices are adjusted for splits and other share changes, so the high and the last price compare like for like; the peak market value is as it was on the day. The return covers the trading days in our data only: it does not include what holders received, or lost, after the last trade (a merger payout, a bankruptcy), and it does not reach back before 1989.

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Also gone in 1992: Oil & Gas